5 Largecap stocks with sky-high PE ratios

High P/E stocks often reflect the market’s confidence in future earnings growth, sector leadership, or strong execution. However, from a research analyst’s perspective, extremely stretched valuations also increase the margin-of-error risk. In such counters, even a minor earnings miss, slowdown in growth, or sentiment shift can trigger sharp corrections. Investors should therefore focus not only on momentum, but also on earnings visibility, cash flow quality, scalability, and whether current valuations are sustainably justified over the next 3–5 years. $ETERNAL – P/E around 637x | Sector: E-commerce $CGPOWER – P/E around 113x | Sector: Electric Equipment $DMART – P/E around 90.4 x| Sector: Retailing $TITAN – P/E around 90.4 x| Sector: Retailing $ADANIGREEN - P/E around 135.7x | Sector: Power Generation/Distribution Note - all P/E ratios are on TTM basis